As entreprenuers we understand how difficult it is to raise capital and pay bills ect.
I understand that the purpose of the proposed tax rebate is to spend it on consumer goods but I was thinking it would be of great benefit to me to reinvest in my biz
What do you think?
Sharonda
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As a tax preparer myself, I think that reinvesting in one's business is not a bad idea. Also, all my sistapreneurs should keep in mind that we will also, as part of the Economic Stimulus Act, be allowed to deduct up to $250,000 in expensing under Section 179. Section 179 is a form of depreciation in which a sistapreneur can choose to write off all the costs of business property (e.g., machinery, equipment, computer software, furniture, vehicles) purchased during the year. We will also be able to use bonus depreciation, in which business property can be depreciated at 50 percent of the cost. So many of us sistapreneurs will benefit from both the rebates and the business incentives.
Lorretta A. Walker
LLWE Business Services Plus http://llwe.net
Investing some of that money back into you business is a great idea, Im planning on duing the same. But dont forget about your retirement plan. I also want to use a portion of that money to invest in my own retirement plan. The market is down right now and its the best time to buy some QUALITY investments.
It's funny you should post this! I just happened to be talking about this a few days ago. I do plan to invest the funds into my own business! I sure hope others do the same. This could be a blessing to help us get started! Much Love and Many blessings!
Hi Sharonda,
I had that same conversation on yesterday, I am going to use mine/our as a reinvestment also, along with my/our annual tax return. We pay our bills on time which allows us to utilize our tax money for vacations and whatnot. So I think we are both on the right track! be blessed sista jaida
I agree. This was actually my first and only thought--to reinvest the tax rebate into my business. This may mean, however, that I purchase much needed software or equipment--which would meet policymakers' desires to stimulate the economy by pushing folks to spending it in the marketplace; and meet our needs to support our business growth.
What I will most likely do is bank half and spend half on the essential items I need to boost my business productivity and marketing reach. I'm interested to hear what others plan to do.
Replies
Lorretta A. Walker
LLWE Business Services Plus
http://llwe.net
I had that same conversation on yesterday, I am going to use mine/our as a reinvestment also, along with my/our annual tax return. We pay our bills on time which allows us to utilize our tax money for vacations and whatnot. So I think we are both on the right track! be blessed sista jaida
I agree. This was actually my first and only thought--to reinvest the tax rebate into my business. This may mean, however, that I purchase much needed software or equipment--which would meet policymakers' desires to stimulate the economy by pushing folks to spending it in the marketplace; and meet our needs to support our business growth.
What I will most likely do is bank half and spend half on the essential items I need to boost my business productivity and marketing reach. I'm interested to hear what others plan to do.
Lisa